$275.18 million in sales expected for Guild Holdings (NYSE:GHLD) this quarter
Equity research analysts expect Guild Holdings (NYSE:GHLD – Get Rating) to report sales of $275.18 million for the current quarter, reports Zacks Investment Research. Two analysts provided earnings estimates for Guild, with the highest sales estimate of $301.36 million and the lowest estimate of $249.00 million. Guild reported sales of $294.11 million in the same quarter last year, which would indicate a negative growth rate of 6.4% year over year. The company is expected to release its next quarterly results on Monday, January 1.
On average, analysts expect Guild to report annual sales of $1.26 billion for the current fiscal year, with estimates ranging from $1.24 billion to $1.27 billion. For the next fiscal year, analysts expect the company to post sales of $1.17 billion, with estimates ranging from $1.09 billion to $1.26 billion. Zacks Investment Research’s sales calculations are an average average based on a survey of research analysts who cover Guild.
Guild (NYSE:GHLD – Get Rating) last announced its quarterly results on Friday, May 6. The company reported earnings per share (EPS) of $0.53 for the quarter, beating analyst consensus estimates of $0.36 by $0.17. During the same period last year, the company posted EPS of $1.77.
Several analysts have recently weighed in on GHLD shares. Wells Fargo & Company downgraded Guild from an “overweight” rating to an “equally weighted” rating and set a target price of $11.00 for the company. in a Monday, March 28 research note. Zacks Investment Research upgraded Guild from a “buy” to a “hold” rating in a Friday, March 11 report. JMP Securities lowered its price target on Guild from $19.00 to $16.00 and set a “market outperformance” rating for the company in a Wednesday, March 16 report. Finally, JPMorgan Chase & Co. lowered its price target on Guild from $16.50 to $15.50 in a Wednesday, January 19 research report. Two equity research analysts gave the stock a hold rating and three gave the company a buy rating. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $15.50.
Several hedge funds have recently changed their holdings of GHLD. BlackRock Inc. acquired a new position in Guild during Q3 worth approximately $28,000. Morgan Stanley increased its position in Guild by 304.9% in the third quarter. Morgan Stanley now owns 3,644 shares of the company worth $50,000 after acquiring 2,744 more shares in the last quarter. Renaissance Technologies LLC purchased a new stake in Guild during the fourth quarter valued at approximately $314,000. Algebris UK Ltd increased its stake in Guild shares by 46.9% during the first quarter. Algebris UK Ltd now owns 140,418 shares in the company valued at $1,441,000 after acquiring an additional 44,844 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC increased its stake in Guild by 67.6% in the third quarter. Schonfeld Strategic Advisors LLC now owns 826,643 shares of the company worth $11,375,000 after purchasing an additional 333,505 shares last quarter. 9.29% of the shares are currently held by hedge funds and other institutional investors.
NYSE:GHLD opened at $8.37 on Friday. Guild has a 1-year low of $7.18 and a 1-year high of $16.61. The company’s fifty-day moving average price is $9.85 and its 200-day moving average price is $12.36. The company has a market capitalization of $511.07 million, a price-earnings ratio of 1.55 and a beta of 0.51.
Guild Company Profile (Get a rating)
Guild Holdings Company, a mortgage company, originates, sells and services residential mortgages in the United States. The company operates approximately 260 branches with licenses in 49 states. It issues residential mortgage loans through retail channels and correspondents. The company was incorporated in 1960 and is based in San Diego, California.
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